Southwall Tech reaches 1 of 2 CAPS Milestones today!
Southwall Technologies still trading on the Chinese Market KBM Distributor of XIR Film technology news skyrocketed on a mass buying blitz today. Stock jumps over 22% from $1.40 a share to $1.72 a share (Just below Marvel Entertainment Group's gain for 4th place on the day). SWTX (Southwall Technologies inc.) has now achieved the minimum share price requirement. If Southwall Technologies can produce a couple fantastic earnings reports then the Market Cap requirement will be reached in quick fashion.
WIth its current share price at $1.72, the company now has over a 42 million market cap.
SWTX now is the biggest percentage gainer in the Fabricated Plastics and Rubber Sector.
However.... I expect a major decline in the stock price as it is massively overbought with an RSI of 84%!
There's no way based on this insane optimism/speculation in the investor community that SWTX can produce an earnings report that would meet/exceed this insane expectation. However, the news of Southwall Technologies still remains a good one for a long term investment.
I highly recommend SWTX to any investor with a word of caution on its way overbought status.
If SWTX, however, can maintain a $1.50+ share price then it will keep 1 of the CAPS Trading Milestones intact.